Leavell Investment Management Inc. Acquires Shares of 4,484 Tempus AI, Inc. $TEM

Leavell Investment Management Inc. acquired a new stake in shares of Tempus AI, Inc. (NASDAQ:TEM) during the 2nd quarter, HoldingsChannel reports. The fund acquired 4,484 shares of the company’s stock, valued at approximately $285,000.

A number of other hedge funds have also modified their holdings of TEM. Wealth Enhancement Advisory Services LLC acquired a new stake in Tempus AI during the first quarter worth about $440,000. Janney Montgomery Scott LLC purchased a new position in shares of Tempus AI in the first quarter valued at approximately $416,000. Cambridge Investment Research Advisors Inc. purchased a new position in Tempus AI in the first quarter worth approximately $1,019,000. Spire Wealth Management purchased a new position in Tempus AI in the first quarter worth approximately $69,000. Finally, Bartlett & CO. Wealth Management LLC lifted its stake in Tempus AI by 100.0% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 800 shares of the company’s stock worth $39,000 after acquiring an additional 400 shares during the last quarter. 24.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TEM has been the topic of a number of research analyst reports. Morgan Stanley raised their price objective on shares of Tempus AI from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Tuesday, August 12th. Needham & Company LLC reissued a “buy” rating and issued a $70.00 price objective on shares of Tempus AI in a research note on Friday, August 8th. Guggenheim boosted their target price on shares of Tempus AI from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. BTIG Research boosted their price objective on shares of Tempus AI from $85.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, HC Wainwright boosted their price objective on shares of Tempus AI from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $79.38.

Insider Transactions at Tempus AI

In other Tempus AI news, EVP Andrew Polovin sold 5,398 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $74.65, for a total value of $402,960.70. Following the completion of the transaction, the executive vice president owned 132,056 shares in the company, valued at $9,857,980.40. This represents a 3.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James William Rogers sold 7,528 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $74.65, for a total value of $561,965.20. Following the completion of the transaction, the chief financial officer owned 138,473 shares of the company’s stock, valued at approximately $10,337,009.45. This represents a 5.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 767,412 shares of company stock worth $57,618,856 over the last 90 days. 26.27% of the stock is owned by corporate insiders.

Tempus AI Stock Up 2.6%

TEM opened at $91.58 on Tuesday. The firm has a 50 day moving average price of $84.46 and a 200 day moving average price of $68.38. The company has a market cap of $15.91 billion, a PE ratio of -76.96 and a beta of 4.87. Tempus AI, Inc. has a 1 year low of $31.36 and a 1 year high of $104.32. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.43 and a current ratio of 1.54.

Tempus AI (NASDAQ:TEM) last released its quarterly earnings results on Friday, August 8th. The company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.01. The firm had revenue of $314.64 million during the quarter, compared to analysts’ expectations of $296.84 million. Tempus AI had a negative return on equity of 122.86% and a negative net margin of 20.98%.Tempus AI’s quarterly revenue was up 89.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($6.86) EPS. Tempus AI has set its FY 2025 guidance at EPS. Sell-side analysts expect that Tempus AI, Inc. will post -6.15 earnings per share for the current year.

Tempus AI Profile

Tempus AI Inc is a technology company advancing precision medicine through the practical application of artificial intelligence principally in healthcare. The company provides AI-enabled precision medicine solutions to physicians to deliver personalized patient care and in parallel facilitates discovery, development and delivery of optimal therapeutics.